Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Wednesday, May 29th will be paid a dividend of 0.525 per share by the financial services provider on Friday, June 28th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Tuesday, May 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.50.

Shares of SLF stock opened at C$53.83 on Monday. The company has a market capitalization of $31.94 billion and a PE ratio of 13.16. Sun Life Financial has a fifty-two week low of C$43.13 and a fifty-two week high of C$55.97. The company has a debt-to-equity ratio of 18.26, a quick ratio of 451.94 and a current ratio of 483.92.

Several equities research analysts recently weighed in on SLF shares. BMO Capital Markets lifted their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Cormark set a C$54.00 price target on Sun Life Financial in a research report on Friday, February 15th. Eight Capital lifted their price target on Sun Life Financial from C$54.00 to C$55.00 in a research report on Friday, May 10th. CIBC downgraded Sun Life Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from C$53.00 to C$54.00 in a report on Thursday, March 14th. Finally, National Bank Financial boosted their target price on Sun Life Financial from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a report on Monday, April 29th.

In other Sun Life Financial news, Senior Officer Kevin Dougherty sold 102,357 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$50.62, for a total transaction of C$5,181,311.34. Also, Director Dean Connor sold 73,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$52.72, for a total value of C$3,848,560.00. Following the sale, the director now directly owns 86,047 shares of the company’s stock, valued at approximately C$4,536,397.84.

ILLEGAL ACTIVITY WARNING: “Sun Life Financial Inc (SLF) Declares Quarterly Dividend of $0.53” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

See Also: How To Calculate Debt-to-Equity Ratio

Dividend History for Sun Life Financial (TSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with's FREE daily email newsletter.